Define the four basic types of leaders.
What will be an ideal response?
Directive leadership is characterized by implementing guidelines, managing
expectations, setting definite performance standards, and ensuring that individuals
follow the rules. Transactional leadership proposes that employees are motivated by
goals and equitable rewards. Visionary leadership is a behavioral type of leadership that
creates visions to motivate, inspire, and stimulate employees. Empowering leadership is
a behavioral type of leadership that empowers leaders to help develop the individual
skills and abilities of their followers.
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Lana owned a house used as a rental property for three years. During this rental period, she took $60,000 of depreciation deductions. Lana moved into the house and has used it as her principal residence for the past two years. Lana has just sold the house and realized a $200,000 gain. She will recognize gain of
A. $144,000. B. $200,000. C. $60,000. D. $0.
The cost of a climb in the Himalayas is a point of pressure in the life and death ethical dilemmas climbers face
Indicate whether the statement is true or false
Which of the following audit procedures is least likely to detect an unrecorded liability?
A. Analysis and recomputation of interest expense. B. Analysis and recomputation of depreciation expense. C. Mailing of standard bank confirmation forms. D. Reading of the minutes of meetings of the board of directors.
Hilex Inc. structures a transaction to shift income from its 20Y0 tax year to its 20Y2 tax year. This tax planning strategy may be taking advantage of the:
A. Time period variable B. Jurisdiction variable C. Entity variable D. Character variable